m 2 Part 2 Mar 31 at 6:35pm Instructions Question 4 28 pts You estimate that by the time you retire in 35 years (when you are 70), you will have accumulated savings of $1.5 million. The interest rate is 8% and you will live 15 years after retirement you will leave this world when you are 85 years old). Unfortunately, inflation will eat into the value of your retirement income. Assume a 5% inflation rate and work out a spending program for your retirement that will allow you to increase your expenditure in line with inflation. How much will you spend the last year of your live (when you are 85 years old)? 258.525 100.000 280,471 175.244 261.217 Previous Not saved Submit Qu